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Jul 24, 2011 7:00am EDT
house and congressional leaders, and there has been renewed optimism about a big deal happening to reduce the deficit and raise the debt ceiling. but so n far nothing concrete. >>> it was a busy week for the markets stped short on tuesday. the dow up better than 200 points on hopes of a debt and deficit deal, the biggest one-day gain since december. the markets had another triple-digit gain on thursday. but the markets were down on friday. we're in the thick of earnings season, and most companies are coming in ahead of expectations. apple had a blowout quarter. intel beat expectations. so did microsoft and yahoo. but yahoo's outlook was weak. among financials, morgan stanley and wells fargo beat expectations. bank of america met estimates, ile goldman sachs did not. >>> and a big bang in housing starts for the month of june. they rose better than 14% from the month earlier, ahead of expectations. much of the surge coming from construction of apartment building. >>> american airlines has two aircraft makers flying high. american's planning to place the largest aircraft order in avia
Jul 31, 2011 7:00am EDT
people together? >> well, first of all, we are divided because there are big differences of opinion here about the size of government and about the direction of tax policy. the president's remarks are unhelpful. they're not really related to the current deficit debate. you can do everything he asks for and it really wouldn't change the numbers very much. the question is getting people focused on long-term spending changes that the country must have. and i think part of the dysfunction is because congress really doesn't have the rules it needs to have this discussion in a civil way. but that can change. >> so making a real dent in the long-term deficit situation requires hard choices. will we be able to balance those choices even with this politicking going on throughout the process? is compromise impossible? >>>> no, it's not impossible at all. we've seen it in fiscalistory in the past 25 years, big compromise. but it does require to focus on what we can all agree on. pick whatever spending cuts the two sides agree on, and then have the longer term discussion in the context of t the 2012
Jul 10, 2011 7:00am EDT
debt than spain, greece, portugal, ireland put together. it's too big to save. and that makes it very difficult, very important for the global economy. >> what unprecedented issues? carla, do you think all this is priced into the market? what kind of a market areou expecting for the rest of the year? do you think we take a downturn in stock prices ifn fact europe continues to worsen, if in fact we get that guidance that sriis talking about that they're actually taking guidance down for the rest of the year. >> i think people will be cautious. i'm not sure they'll be as strident taking it down. but a note of caution for the second half of the year. there are still some things that are outstanding, if you will. as you know, my consistent refrain is that the market hates uncertainty and surprise. so i think that overall we'll have a positive market environment. but i do think it will be in a trading range as some of the uncertainties like the ones you articulated work themselves out. >> how do you invest? >> i think you want to be defensive. i think the u.s. market will outperform e
Jul 3, 2011 7:00am EDT
, tiny little drops in a big ocean. it is not going to solve the problem to go after corporate jets or even to go after the hedge fund guys, although i would sure like to. they have got to raise revenues, i hate to say, on the middle- class. everybody, everybody -- is the point that gets lost in this -- everybody is in this boat. there is no way out unless every single american does something. >> raise revenues on the shrinking middle class mark. >> evan is right, because it is going to affect everybody. evan raised the possibility of defaults. when that happens the federal government of the united states, which rose 40 cents of every single dollar we spend every single day, it is faced with the option -- do you face a sergeant in combat in kandahar, a grandmother in a 1-bedroom apartment her social security check, or did you meet obligations of bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality is we are talking about -- the president is proposing increasing taxes, revenues by% over the n next 10 y
Jul 17, 2011 7:00am EDT
earnings. what are you hearing from clients? you've got big money clients puttinneg money to work. the corporate sector still strong? >> you know, this is one of those dichotomies that has existed for a few years now, where the markets and the economy itlf are on slightly different paths. following the financial crisis that we had in '08 and '09, there is a lot of expense taken out of the corporate side of the equations. and really strong earnings since then. originally just bottom line earnings, t in the last year or so some top-line improvement as well. we think that will probably continue through this upcoming earnings season. >> so you ththink the second ha looks okay? >> we do, yes. >> michelle, what about you? we're still seeingng overseas events really play out here, whether it's what happened this week in eurorope, now new conces italy in the crosshairs, concerns about its debt. 120% of its gdp is debt. >> well, you know, and i think that's something we all need to be obviously watchful. the situation in europe doesn't impact the gdp of the u.s. directly. it isn't like we're wo
Search Results 0 to 4 of about 5